Trinity Street, Fareham PO16

Trinity Street, Fareham PO16

Residential Development Opportunity with Outline planning application submitted for 45 apartments. Prominent town centre location. A brownfield development site extending to approximately 0.22 hectares (0.54 acres) in Farenham Town Centre.

Location
The site is located in the centre of Fareham, a thriving town on the south-coast situated approximately 12 miles east of Southampton and 8 miles west of Portsmouth. The site is located on the eastern side of Trinity Street close to its junction with West Street. Adjacent to the north is a pay and display car park, owned by Fareham Borough Council, and to the east is the Hampshire County Council Registry Office. Directly opposite the site are a variety of uses; though predominantly residential, including terraced two storey housing and retirement flats.

The property benefits from easy access to a number of amenities, including Fareham Shopping Centre, which is located 0.2 miles away. The site also benefits from excellent transport connections being 1 mile south of the M27 and 0.5 miles from Fareham train station which has regular mainline services to London Waterloo.

Description
The site itself measures approximately 0.22 ha (0.54 acres). It is rectangular in shape and broadly level. The site comprises the now vacant, four storey purpose built former Magistrates Court, constructed twenty years ago, which measures approximately 2,736 sq. m. (29,450 sq. ft.). Internally it is laid out over a series of floors and includes a basement and a roof terrace. There are highway access points into the site to the north and south of the property itself.

Planning
The Draft Fareham Local Plan 2036 allocates the site under Housing Site FTC6 (Magistrates Court) which seeks to deliver 45 no. dwellings. The proposed residential scheme has been informed by site constraints, opportunities and thorough public consultation as detailed in the outline planning application (ref: P/18/1261/OA).

The outline planning application was submitted by Homes England to Fareham Borough Council in November 2018, which comprises up to 45 no. apartments, site access, landscaping and other ancillary infrastructure works (all other matters are reserved). It is anticipated that consent will be granted in July 2019. The proposed development will provide for:

- 28 no. 1 bed and 17 no. 2 bed flats within a 3+1
storey building;

- 42 parking spaces to the rear of the building and in an undercroft beneath the proposed building;

- A cycle park providing space for 45 stands located to the rear of the building within the car park;

- A one way circulation route through the site, running south to north; and

- Access from Trinity Street, south of the current building, and an exit via the public car park to the north.

As the existing building has a floorspace of approximately 2,736 sq. m. and the proposed building has a floorspace of 2,715 sq. m. Fareham Borough Council has confirmed that Vacant Building Credit can be applied to the current proposals resulting in no affordable housing.

Fareham Borough Council formally approved its Community Infrastructure Levy (CIL) Charging Schedule on the 1st May 2013. The Council have confirmed that the development will be liable for CIL. A CIL calculator can be found at:
www.fareham.gov.uk/cilcalc/ to assist developers when calculating the chargeable amount due.

The development will result in a net increase of residential dwellings within 5.6 km of the Solent Special Protection Areas and therefore will be liable for a contribution towards the Solent Recreation Mitigation Strategy.

The completed S106 agreement and agreed draft planning conditions deal with the collection of this payment and other planning obligations to be placed on the developer.

The next steps...

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.
 
To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.
 
Some advantages of a broker are:

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  • Brokers can finance tricky deals because of their knowledge and various lending partners
  • Are typically easier to get in contact with, less bureaucratic.

However with your bank maybe able to:

  • Build off existing relationship (discounts if you have a checking/saving account)
  • You may already know the banker who will handle your mortgage
  • Perhaps more trustworthy, more accountable than a smaller shop
  • Lower interest rates in some cases
  • Ability to add mortgage to existing banking profile and make automatic payments from linked account.

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Situational Details
Location
Stand Alone Site Brownfield Urban
Plot Range
21 to 50 Plots
Use
New Build Unconditional Subject to Planning Apartments No Affordable
Carter Jonas reference
PDS190004
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